Note: This is a seattlepi.com reader blog. It is not written or edited by the P-I. The authors are solely responsible for content. E-mail us at newmedia@seattlepi.com if you consider a post inappropriate.

Twenty-two percent of single-family homeowners in the Seattle metropolitan area were underwater on their mortgages at the end of 2009, slightly higher than the national rate, according to a report from Seattle-based real estate Web site Zillow. …

A bill introduced in the U.S. House of Representatives on Thursday would increase the minimum down payment for Federal Housing Administration-backed home loans, according to a report in from the Wall Street Journal. …

House Financial Services Committee Chairman Barney Frank, frustrated with the slow pace of mortgage modifications, has threatened to revive the mortgage “cram-down” bill that stalled in Congress this year, according to a Bloomberg story. …

Senior Obama Administration officials talked Tuesday with top executives from companies participating in the Making Home Affordable mortgage modification program about how to improve its effectiveness and efficiency. …

Nearly 1,000 Washington residents who had mortgages with Countrywide Financial Corp. and lost their homes to foreclosure are eligible for payouts under a 2008 agreement, Attorney General Rob McKenna announced Thursday. …

Lenders would have to give new disclosures for mortgages and home-equity loans and would not be able to pay loan originators more for expensive loans, under a proposal the Federal Reserve released Thursday. …

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Note: This is a seattlepi.com reader blog. It is not written or edited by the P-I. The authors are solely responsible for content. E-mail us at newmedia@seattlepi.com if you consider a post inappropriate.